Mips Balance Sheet Health
Financial Health criteria checks 6/6
Mips has a total shareholder equity of SEK657.0M and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK738.0M and SEK81.0M respectively. Mips's EBIT is SEK70.0M making its interest coverage ratio -5. It has cash and short-term investments of SEK408.0M.
Key information
0%
Debt to equity ratio
kr0
Debt
Interest coverage ratio | -5x |
Cash | kr408.00m |
Equity | kr657.00m |
Total liabilities | kr81.00m |
Total assets | kr738.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIPSS's short term assets (SEK562.0M) exceed its short term liabilities (SEK56.0M).
Long Term Liabilities: MIPSS's short term assets (SEK562.0M) exceed its long term liabilities (SEK25.0M).
Debt to Equity History and Analysis
Debt Level: MIPSS is debt free.
Reducing Debt: MIPSS had no debt 5 years ago.
Debt Coverage: MIPSS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MIPSS has no debt, therefore coverage of interest payments is not a concern.